Are your family trips an exercise in pleasure or comfort? Behavior economics guru Dan Ariely notes that there's a vivid difference between the two... and it may mean the difference between a fantastic vacation and...

People with disabilities shouldn't have to try and pass as able in the workplace, says writer and comedian Maysoon Zayid. But the sad reality is that America's largest minority remains invisible throughout popular...

You've Heard of OCD, But Do You Really Understa...You've Heard of OCD, But Do You Really Understand It? :: Big Thinkers on Mental Health

The Suicide Rate is Going Up. Here’s What We Ca...The Suicide Rate is Going Up. Here’s What We Can Do to Stop it.

Big Think and the Mental Health Channel are proud to launch Big Thinkers on Mental Health, a new series dedicated to open discussion of anxiety, depression, and the many other psychological disorders that affect millions worldwide.

A Christmas Bonus For Innovators

In a previous post, Jack Hidary described the process of visioneering, or how to solve grand challenges "just at the edge of human grasp."

Hidary's answer is taken from his experience with the X Prize Foundation, which convenes two-day workshops with some of the world's greatest innovators that are designed to "increase the serendipity quotient of all the people in the room."

What's the Big Idea?

So where do you take it from there? How do you make those types of workshops more than just morale boosters and translate all of the excitement into real breakthroughs for your company? Hidary, who has built his career as an entrepreneur in the finance and technology sectors, suggests we need to reevaluate how we incentivize employees.

"We know that we get what we bonus," he says. "We get what we measure." Too often today, however, we create bonus structures that really only focus on things like revenue and profit. Now, we all like revenue and profit, but if you don't create a bonus structure for new ideas and innovation, should you expect it to just magically happen? Probably not, Hidary argues.

Watch the video here:

What's the Significance?

Hidary says that CEOs, entrepreneurs and business owners everywhere must look ahead one year from now and ask themselves what kind of bonuses they want to be handing out to employees. Is the idea to reward high performance on day-to-day activities? You obviously need some of that, Hidary says, but that shouldn't constitute 100 percent of the bonus structure.

"Keep 20 or 30 percent for a new kind of bonus," Hidary says, "a bonus that recognizes breakthrough new pathways for the company, experiments." Some of these experiments will be failures, no doubt. But others will surely be successes, some of them "far beyond anyone's imagination," Hidary says.